Newsletter

Menu

Chipotle Mexican Grill serves better-than-expected results in Q2

By Toby |
Earnings Update by AlphaStreet

Chipotle Mexican Grill, Inc. (NYSE: CMG) on Tuesday reported second-quarter earnings of $3.99 per share, which surpassed average analysts’ estimate of $3.76 per share.

Revenues improved 13.2% to $1.43 billion, which was above the street consensus of $1.41 billion. The revenue growth was spurred by a 10% increase in comp sales as well as menu price increase.

Digital sales doubled and accounted for 18.2% of sales for the quarter.

chipotel mexican grill reported better than expected first quarters and forecast

CMG stock gained 4% during after-market trading following the announcement. The stock has gained 70% so far this year and so much in the past twelve months, all along outperforming the industry.

During the quarter, Chipotle said it opened 20 new stores and closed one, bringing the total restaurant count to 2,523.

READ: McDonald’s Earnings Preview: Watch out for Velocity Growth Plan updates

Guidance

For 2019, the company currently anticipates high single-digit comparable restaurant sales growth, up from the prior projection of mid to high single-digit range. Chipotle also plans to open 140 to 155 new restaurants during this period.

The restaurant chain has been thriving on the success of its digital transformation and the positive response to new menu offerings. The share of online sales increased steadily in recent years – digital sales more than doubled annually in the first quarter.

Rival fast-food chain McDonald’s is scheduled to publish financial results on July 26, while Yum! Brands will be releasing second-quarter earnings on August 1.

Listen to on-demand earnings calls and hear how management responds to analysts’ questions

Advertisement

More on this Company

71 responses to “Chipotle Mexican Grill serves better-than-expected results in Q2”

  5. floodle

    […]we came across a cool web page that you just might get pleasure from. Take a search should you want[…]

  12. cuautitlan izcalli clima

    […]we like to honor lots of other net web-sites around the net, even if they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  14. live sex webcams

    […]that will be the end of this article. Here you will discover some web-sites that we feel you’ll appreciate, just click the links over[…]

  15. cam girls

    […]check beneath, are some completely unrelated internet websites to ours, nevertheless, they’re most trustworthy sources that we use[…]

  17. isla mujeres condo

    […]Wonderful story, reckoned we could combine a few unrelated information, nevertheless seriously worth taking a look, whoa did 1 find out about Mid East has got much more problerms too […]

  28. micro french bulldog

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless genuinely really worth taking a search, whoa did 1 master about Mid East has got much more problerms as well […]

  29. mw2 hacks

    […]Every as soon as in a although we opt for blogs that we study. Listed below are the latest internet sites that we pick out […]

  37. johnny dang

    […]Every once in a though we select blogs that we study. Listed below would be the most up-to-date web pages that we pick […]

  50. clima cancún

    […]although websites we backlink to beneath are considerably not related to ours, we really feel they are in fact worth a go by, so have a look[…]

  53. Dog Breed Registries

    […]although sites we backlink to beneath are considerably not associated to ours, we feel they’re basically really worth a go through, so possess a look[…]

  54. Dog Registry

    […]that would be the end of this post. Here you will locate some websites that we consider you’ll appreciate, just click the hyperlinks over[…]

  59. Dog Papers

    […]Every after inside a even though we pick out blogs that we read. Listed below would be the most up-to-date internet sites that we opt for […]

  60. Dog Registry

    […]we like to honor numerous other net web pages around the web, even when they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  63. French Bulldog Adoption

    […]we prefer to honor many other web websites on the net, even though they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  66. clima tultitlán

    […]very few web-sites that happen to become in depth beneath, from our point of view are undoubtedly properly really worth checking out[…]

Top